Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results
Swiss Re swung back to a first-quarter profit, reporting net income of $643 million compared with a loss of $248 million for the prior-year period.
Aspect Labs Ltd., the London-based managing general agent, has officially opened its doors for business, targeting small to mid-market risks that are not big enough for ... High inflation alone led to an increase in property/casualty claims of 5-7.5 percent across five key markets in 2022, according to Swiss Re research. Natural disasters in 2022 brought global economic losses of $275 billion, of which insurance covered 45 percent, or $125 billion, according to Swiss Re's latest sigma ... The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent ... Trium Cyber is the industry's first Lloyd's-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines ... QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group's exposure to portfolio reserves totaling ...
MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022: Swiss Re
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re
Insured Losses From New Zealand Floods Estimated at $1.02B, With Profit Hit Expected
Lloyd’s 2022 Underwriting Results ‘Strong’ Despite Bottom-Line Red Ink
Lloyd's reported an interim full-year 2022 loss before tax of $947.6 million (£800 million ) as a result of investment losses of approximately $3.6 billion (£3 billion). This compares to a profit ...
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Reinsurance Recap: 2022 Results Mixed as Market Improves
Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market full of challenges—ranging from inflation to the Ukraine war ...
QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar
Zurich Insurance Net Income Fell 12%, Internal Profit Rose 12% in 2022
Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12 percent decrease from $5.2 billion in 2021, which was driven mainly by a lower level of capital ...